New Ulm weekly review., 1887-09-21
CONDENSED NEWS.
THE NORTHERN PACIFIC.
All Differences Adjusted and Ticket for Direc
tors Practically Agreed Upon-Synopsis of Man
ag0r OakeS' Report.

All Differences Adjusted and Ticket for Direc.
tors Practically Agreed Upon-Synopsis of Man.
agor Oakes' Report.
New York Telegram: The Northern Pa
cifc election contest was virtually settled
Monday evening the 18th inst., at con
ference at the Brevoort house. There were
present Charles B. Wright, Henry Willard,
Thomas F. Oakes, Gen. G. III. T. Collins,
s. p. Cheney, Robert Harris, August
Belmont, John D. Bockafelcr, Charles
other parties in interest. A ticket for di-
there will be no protest on Thursday when
the annual election takes place. When the
old management counted up their proxies
they found they had 468, 900 shares, or
several thousand more than majority
OF these Director Wright OF Philadel-
phia will vote nearly 250.OOn. The op.
position figure up nearly 100000 shares,
OF which 100000 belong to the Oregon
Transcontinental company. It is proba-
bly, all settled that Mr.. Wright will concede
tour directors to the Union Pacific Ore
gon, Wise snsin Central interests, and that
John E. Rockefeller, Charles L. Colby OF
the Wisconsin Central, ohm B. Trevor
and Henry Willard will go into
the Northern Pacific board. The
other nine members OF the board will
be taken from the present directory. Pres
ident Harris will be reelected president,
but it is understood that he will not serve
remain president until after the Cascade
division is opened permanently, and he
will then give way probably to Vice Presi-
deut Oakes.
Vice President and General Manager
Oakes' report is a most elaborate docu-
| ment. He speaks of the completion of
the Cascade division as the most i'm
portant event OF the year, and refers to
the acquisition OF the Oregon Railway and
and and the opening of through rail
OF the Northern Pacific to- San Fran
sisco. He shows plainly the wisdom
nf occupying territory by the branch lines,
and refers to the Duluth and Manitoba
and five or six other important Northern
Pacific feeders under construction, The
| extension of the St. Paul, Minneapolis &
Manitoba road into territory heretofore
| occupied by the Northern Pacific is refer
red to- and the completion OF the Ca
q adian Pacific TIE freight earnings
Mr.. Oakes regards AS satisfactory
! and he predicts favorable results in the tut
nre. The number OF bushels OF wheat han
1 ldled by the company was LIZA, 566, or
nearly 500, 600 more than in 1886, but the
EARNINGS from this traffic are few thous-
ands OF dollars less than during last year.
The live stock business shows a remarka-
ole increase Notwithstanding the fact that
last winter was most severe one on cattle.
More than l6, 500, ,0OOpounds OF wool, hides
and pelts were carried, an increase OF nearly
20 per cent The tonnage of salmon and hops
was largely increased. The total mileage OF
road owned and leased is 81, 1O2 miles, an
Increase during the year OF 294 miles, The
Northern Pacific Express Company earned
$50, 957 net after paying the railroad COM
pany $273,S33 for transportation. The
gross earnings of the express company
which were S26S, S64 in 1886, were S595,
b73 in 1887. Immigration has fallen off
somewhat in consequence of the short
wheat crop in Dakota in 1 $50, but the
prospects are that there will be an increase
next year.